Nationwide Secure Growth 5 & 7 (NY)
About this product
Nationwide Secure Growth 5 (NY) and Secure Growth 7 (NY) are individual, single-purchase-payment deferred fixed annuities specifically designed for New York residents. These products offer guaranteed interest rates for either a five-year or seven-year period, safeguarding both principal and interest. They are structured to help conservative investors grow assets securely, with protection from market risk and tax-deferred accumulation. Upon contract maturity, investors can choose to renew, annuitize, or take a lump-sum distribution.
Available Rates
Rates are based on current simulation settings with premium amount $100,000.00
| 5 Years | 4.80% |
| 7 Years | 4.35% |
Available Guarantee Periods
Rates are based on current simulation settings with premium amount $100,000.00
| $10,000.00 - $99,999.00 | 4.05% |
| $100,000.00 - $1,000,000.00 | 4.8% |
| Features | |
| Maximum Issue Age | 85 years |
Lifetime Income Details
Payout Options
Additional Options
Actual payout options may vary by insurance carrier and specific products. Common alternatives include:
- Life Income Only: Payments for the rest of your life, stopping upon death
- Period Certain: Guaranteed payments for a specific time period (5, 10, 15, or 20 years)
- Life with Period Certain: Lifetime payments with a minimum guaranteed period
- Joint Life: Payments continue for both you and your spouse's lifetimes
- Systematic Withdrawal: Regular withdrawals of a specified amount or percentage